Daily Crunch: Adobe snaps up Figma in proposed $20 billion deal that has some scratching their heads

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Happy Thursday! Has everyone recovered from Scale down this morning? Don’t worry, Zoom is back up and running, but if nothing else, we hope it helped you have a smoother day… at least for a while. — Christine and Hadje

TechCrunch’s Top 3

  • One opponent at a time: The digital design world got a treat today when Adobe announced it was buying Figma, one of its biggest competitors, in a $20 billion deal that has both investors and Figma enthusiasts wondering what will change and whether these changes will be bad, Ingrid reports. Meanwhile, Alex gives his on the transaction in the land of TechCrunch+.
  • “The Merge” is here: Talk of “The Merge” has been with us for weeks, and today it’s finally here. If you don’t follow cryptocurrency, this means that Ethereum, one of the most popular crypto blockchains, has already moved to a proof-of-stake consensus, which also means that it will now consume much less electricity. Romain write. And for TC+, Jacqueline tells us why Lido, Coinbase, Kraken and Binance matter have a majority stake in ETH.
  • There is a fix for this: Apple clears the way for easy iPhone 14 integration with a tweak to the setup. Ivan there is more.

Startups and VCs

today, Hadje ran in Micromobility America. They insist on using the MMA acronym so he’s expecting a punch in the face at any moment, but so far the only risk of injury is from crushing micromobility in the form of electric rollers. It is probably a coincidence which Kav has announced that it is setting up a 3D printing factory for bicycle helmets On the same day.

Mobility seems to be everywhere these days – Matt notes that mobility startups are filling the void at a Detroit auto show that is a shell of its former self.

The TechCrunch team has been extremely busy. There is a news wall the TechCrunch home page; here are some of them that caught our attention this fine Thursday:

Pitch Deck Teardown: Helu.io’s $9.8M Series A Deck

Helping small and medium-sized businesses with their control, reporting and budgeting might not sound exciting, but Austrian fintech startup Helu.io’s storytelling skills excited investors enough to raise a $9.8 million Series A in July.

Except for some details about unit economics and revenue, Helu shared with us all of its winning test. As these slides suggest, its founders took a straightforward approach:

Problem: “The CFO’s pain is Excel.”

Solution: “Goodbye Excel sheets.”

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here. Use code “DC” for 15% off annual subscription!)

Big Tech Inc.

When Call of Duty is mentioned, we can’t help but think of Rashida Jones’ character in The Office greeting the game. In today’s case, Jordan was there like Activision presented what the next generation of the game will look like.

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